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Property profile & analytics
FOR SALE
Retail space

7118 N Nob Hill Rd 7158 Tamarac, FL 33321

30,507 SF 3.45 ac lot Built 1992
Entity Owned 5-yr Hold Free & Clear
Property ID
US18-3317367
Property summary
AI-generated overview

Point Plaza, located at 7118 N Nob Hill Road in Tamarac, Florida, presents a compelling investment opportunity. This 3.45-acre retail center boasts a diverse tenant mix including retail stores, medical offices, restaurants, a convenience store, and professional offices, currently housing fourteen tenants. Multiple suites are available for lease, offering flexible space options to suit various business needs. Specifically, Suite 7170 offers 2,300 square feet, Suite 7158 provides 1,166 square feet, Suite 7144 encompasses 912 square feet, and Suite 7132 offers 1,166 square feet. Additionally, Suites 7130 (1,165 sq ft) and 7132 can be combined to create a larger 2,331 square foot space. The lease rate is competitively priced at $22.00 per square foot, with additional net, net, net (NNN) costs of $7.85 per square foot. A minimum three-year lease term is required by the landlord. This property offers excellent visibility and accessibility within a thriving Tamarac commercial corridor, making it an ideal investment for discerning buyers seeking a strong return on investment in a well-established retail center. The diverse tenant mix ensures a stable income stream, and the available spaces provide opportunities for expansion or new business ventures. This is a rare opportunity to acquire a well-positioned retail property in a high-demand location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1992
Construction CONCRETE
Total area 30,507 SF
Lot 3.45 ac (150,160 SF)
Zoning code NC
APN 49-41-05-28-0020
UPID US18-3317367
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.10M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.46M
Owner & transaction history
Palshua Realty Tamarac LLC · 5 yrs held
Palshua Realty Tamarac LLC
since 2020
Last sale
$3.9M
4 recorded transactions
2020
Price N/A
2017
Price N/A
2013
$3.9M
2004
$4.6M
Zoning & alternative use
NC · Tamarac, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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